Post by
nozzpack on Dec 26, 2023 7:20pm
Probable Net Asset Value at $2000 POG
Uncle Eric of Sprott did a decent scoping of MAE in late 2021 based on a HD mine that included Orion.
At an average of 58,000 ounces per year @ $2000 POG over 9 years, the 5% discounted NAV was $325 million.
This did not involve the impact of the newly acquired Point Rousse mill and other assets, nor exploration gains since then nor any impact of toll milling.
In a recent post, I estimated toll milling of NFG gold would be valued at about $140 million in undiscounted additional NAV.
So, looking ahead to the new HD FS study, it's quite likely that the discounted NAV of the mine production will also be in excess of $300 million and perhaps approaching $450 including industrial
gold milling...getting us above $0.50 in FD fair value at 75% of nav.
On that latter point, NFG has placed the tolling MOU with MAE prominently in the new presentation which may mean that they may soon announce plans for accelerated production.
2024 should be an exceptional year for Maritime as it integrates and advances its new milling assets to monetization while developing its most advanced projects via focussed
drilling programs .
In the meantime, we have assets that may be so assiduously courted as to lead to consummation..